Mya Health has already tied up with healthcare providers such as Hinduja Hospital, Nova Specialty Surgery, Smile Care and Global Smiles to partner in this initiative, its director Manish Menda said, adding it will expand operations in Mumbai, Pune, Delhi, Bangalore and Hyderabad.

The company hopes to provide loan of Rs 100 crore for 600 cases over the next 2-3 year's period, Menda said.

"We are the first of its kind patient financing company in India and with the growing need for timely and affordable healthcare. We are sure Mya will become a preferred route for patients to get the healthcare they desire. With Tata Capital as our associate, we are looking forward to offering a better opportunity to those looking at procedures related to fertility, orthopedic, dental, gynaecology and many more at low interest rates."

Mya Health Credit operates in the patient financing space and the payment is disbursed directly to the hospital or clinic to which the repayment may be made by the applicant or co-applicant. For the patient there will be no extra charges in the hospital. A patient only needs to bear the financing charges for the loan to be paid over a period of time.